WallStSmart

Nexxen International Ltd (NEXN)vsSpotify Technology SA (SPOT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Spotify Technology SA generates 4631% more annual revenue ($18.11B vs $382.86M). SPOT leads profitability with a 18.4% profit margin vs 3.4%. NEXN appears more attractively valued with a PEG of 0.65. SPOT earns a higher WallStSmart Score of 64/100 (C+).

NEXN

Buy

51

out of 100

Grade: C-

Growth: 4.0Profit: 4.0Value: 6.0Quality: 7.0
Piotroski: 4/9Altman Z: 2.15

SPOT

Buy

64

out of 100

Grade: C+

Growth: 8.0Profit: 8.0Value: 4.0Quality: 8.0
Piotroski: 4/9Altman Z: 2.66
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NEXNUndervalued (+14.8%)

Margin of Safety

+14.8%

Fair Value

$7.18

Current Price

$9.16

$1.98 discount

UndervaluedFair: $7.18Overvalued
SPOTSignificantly Overvalued (-58.4%)

Margin of Safety

-58.4%

Fair Value

$307.58

Current Price

$525.75

$218.17 premium

UndervaluedFair: $307.58Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NEXN3 strengths · Avg: 9.3/10
Price/BookValuation
1.2x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0810/10

Conservative balance sheet, low leverage

PEG RatioValuation
0.658/10

Growing faster than its price suggests

SPOT4 strengths · Avg: 9.8/10
Return on EquityProfitability
35.6%10/10

Every $100 of equity generates 36 in profit

EPS GrowthGrowth
222.4%10/10

Earnings expanding 222.4% YoY

Debt/EquityHealth
0.0610/10

Conservative balance sheet, low leverage

Market CapQuality
$111.52B9/10

Large-cap with strong market position

Areas to Watch

NEXN4 concerns · Avg: 3.0/10
Market CapQuality
$544.46M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
2.8%3/10

ROE of 2.8% — below average capital efficiency

Profit MarginProfitability
3.4%3/10

3.4% margin — thin

Operating MarginProfitability
4.1%3/10

Operating margin of 4.1%

SPOT3 concerns · Avg: 4.0/10
PEG RatioValuation
1.594/10

Expensive relative to growth rate

P/E RatioValuation
29.4x4/10

Moderate valuation

Price/BookValuation
11.0x4/10

Trading at 11.0x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : NEXN

The strongest argument for NEXN centers on Price/Book, Debt/Equity, PEG Ratio. Revenue growth of 10.5% demonstrates continued momentum. PEG of 0.65 suggests the stock is reasonably priced for its growth.

Bull Case : SPOT

The strongest argument for SPOT centers on Return on Equity, EPS Growth, Debt/Equity. Profitability is solid with margins at 18.4% and operating margin at 13.7%. Revenue growth of 13.9% demonstrates continued momentum.

Bear Case : NEXN

The primary concerns for NEXN are Market Cap, Return on Equity, Profit Margin. A P/E of 43.5x leaves little room for execution misses. Thin 3.4% margins leave little buffer for downturns.

Bear Case : SPOT

The primary concerns for SPOT are PEG Ratio, P/E Ratio, Price/Book.

Key Dynamics to Monitor

NEXN profiles as a value stock while SPOT is a mature play — different risk/reward profiles.

SPOT carries more volatility with a beta of 1.59 — expect wider price swings.

SPOT is growing revenue faster at 13.9% — sustainability is the question.

SPOT generates stronger free cash flow (910M), providing more financial flexibility.

Bottom Line

SPOT scores higher overall (64/100 vs 51/100), backed by strong 18.4% margins and 13.9% revenue growth. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Nexxen International Ltd

COMMUNICATION SERVICES · ADVERTISING AGENCIES · USA

Nexxen International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company is headquartered in Tel Aviv-Yafo, Israel.

Spotify Technology SA

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Spotify Technology SA, provides audio streaming services worldwide. The company is headquartered in Luxembourg, Luxembourg.

Want to dig deeper into these stocks?